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Iceland deal approved

The International Monetary Fund has approved a $2.1bn (£1.4bn) support programme for Iceland to stabilise its shattered economy.

The approval had been held up because of a dispute over British customers' accounts in failed Icelandic banks.

The IMF agreed to lend Iceland the cash and help the country raise $3.9bn (£2.6bn) in loans from other countries but Britain held up the deal.

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